Shri Krishan Institute of Engineering & Technology, Kurukshetra

2nd SESSIONAL OCT 2017

BRANCH: MBA SEMESTER: 1ST SUBJECT: ME
SECTION: NO. OF COPIES: 42 MM:20
Do any two. All questions carry equal marks.

QUESTION PAPER SET : 1

Q1.What is Income elasticity of Demand? Also explain the relevance of this
concept for managers. (Dec-2015)
Q2. Explain Price effect, Income effect and Substitution effect. How price
effect is a combination of Income effect and Substitution effect? (Dec-2012)
Q3. Explain the law of equi-marginal utility. Also give its importance and
limitations of law. (Dec-2016)

Shri Krishan Institute of Engineering & Technology, Kurukshetra

2nd SESSIONAL OCT- 2017
BRANCH: MBA SEMESTER: 1ST SUBJECT: ME
SECTION: NO. OF COPIES: 42 MM:20
Do any two. All questions carry equal marks.

QUESTION PAPER SET : 2

Q1.What is Price elasticity of Demand? How can it be used for taking

Managerial decisions? (Dec-2015) (Dec-2012)
Q2. Answer the following : (Dec-2014)
(i) Define law of demand. Explain the importance of this law for
managers

(ii) Define cross elasticity of demand. What is the significance of

increase in cross elasticity of demand.(Dec-2012)

Q3. Critically evaluate the Indifference curve theory of Consumer behaviour.

(Dec-2016)